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Acme Anvil Co. just paid a dividend of $0.90. Its stock currently sells for $15.00, and analysts expect its dividends to grow at a constant

Acme Anvil Co. just paid a dividend of $0.90. Its stock currently sells for $15.00, and analysts expect its dividends to grow at a constant rate of 7.00%. Based on the DCF approach, what is the firm's cost of equity? Do not round your intermediate calculations

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